IBM announced on Tuesday it plans to acquire Network Solutions. No, not the Network Solutions, but rather the Network Solutions Pvt. Ltd. out of India, according to a report in the Hindustan Times
Network Solutions, also known as "Netsol", is a managed services and software company that specializes in system integration for networks. Big Blue plans to use Network Solutions to beef up its networking and managed services operation in India, an IBM spokesman confirmed.
The deal is expected to close within a month, and the company will operate as a wholly owned subsidiary.